I need some advice on how to go about forming a business for my scenario. I am partnering with someone, who has an established business 10+. I am bringing my business managment background into the picture and handle the back end, where as my partner will handle the front end of everything. From here on we are going to be invested in all business expenses/acquisitions 50/50. We are trying to workout % for salary, profit, compensation etc. All of the clients were acquired by my partner over the years, although the assets/equipment that will be used are owned 50/50 by us now. He needs additional support (financial and personel) in order to grow the business. Does this entitle me to 50% of the profit or is my partner still entitled to a higher percentage since the clients were his to begin with? Secondly, we would like to take on a few employees who have essentially been freelancers. These freelancers have, over time, built their own client base (not to extensive, but enough to support themselves). By bringing them on we will provide the infrastructure and support that will allow them to grow and take on bigger jobs (that they would normally have to subcontract out work to others in order to complete.) with their clients as well as new ones, What is a good way of approaching this with them? Financially, we need to develop a plan that our business and them. any thoughts/advice is appreciated!!